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IN HB1307
Bill
Status
1/12/2016
Primary Sponsor
Heath VanNatter
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AI Summary
HB 1307 Summary
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Allows Indiana electricity suppliers to petition the Indiana Utility Regulatory Commission (IURC) to defer and recover costs of voluntary forestry programs as part of their next general rate case.
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Defines "eligible land" as Indiana land that is either participating in the state's classified forest program or owned/managed by the Department of Natural Resources or Indiana Natural Resources Foundation.
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Requires electricity suppliers to submit applications identifying program locations, tree types, easements, land purchases, projected costs, and departmental verification that land qualifies as eligible.
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Grants IURC cost deferral and recovery approval only if the forestry program provides public health benefits, recreational opportunities, or wildlife habitat preservation while not interfering with electricity delivery safety and reliability.
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Limits cost recovery to approved amounts; actual costs exceeding approved amounts by more than 25 percent require specific justification and commission approval before being included in the next rate case.
Legislative Description
Voluntary forestry programs by electric utilities. Allows an electricity supplier that undertakes a voluntary forestry program involving eligible land to petition the utility regulatory commission (IURC) to defer and recover approved program costs as part of the electricity supplier's next general rate case. Provides that for purposes of an electricity supplier's forestry program, "eligible land" means land that is located in Indiana and that is: (1) eligible for, or participating in, the classified forest program administered by the department of natural resources (department); or (2) owned or managed by the department or the Indiana natural resources foundation. Specifies requirements for
Last Action
First reading: referred to Committee on Utilities, Energy and Telecommunications
1/12/2016